The School of Business and Economics (SBE), a division of Fayetteville State University, is authorized to grant baccalaureate degrees in business and the Masters of Business Administration degree. FSU began offering Business Administration degrees in 1971 through the Division of Business and Economics, the precursor to the SBE. The authority of the SBE to grant degrees was expanded during the ensuing years to include additional concentrations, Bachelor of Science degrees, and the MBA degree as outlined below.
| Year | Program |
| 1975 | Accounting concentration Economics concentration Finance concentration General Business concentration Management concentration |
| 1977 | Marketing concentration |
| 1979 | Economics degree |
| 1985 | Accounting degree |
| 1987 | MBA degree |
| 2000 | MIS concentration |
| 2002 | Banking and Finance degree |
| 2005 | MIS degree |
| 2006 | Accreditation from Association to Advance Collegiate Schools of Business - AACSB |
| 2008 | Featured in Princeton Review |